Eyewitness News: The economic devastation wrought by COVID-19 and the associated lockdowns continues to be felt. But some event companies on Friday said they were hopeful about the upcoming festive season.The industry is still in recovery mode after months of shut down, but Director of events company Quicket, James Tagg, said the upcoming season would be a bit different from … Read More
While people are doing their part by staying at home to flatten the curve and using free time to take up a new hobby, read books or binge-watch series, many small businesses are seriously feeling the pinch during lockdown.
A large number of South African businesses are currently unable to operate at all, while others are finding new ways to keep business going by shifting operations to make and sell essential goods such as fresh produce, frozen meals or sanitisers and cleaning supplies.
It’s no surprise that many small business owners, or even full-time employees, are feeling the pinch with the recent coronavirus outbreak.
Even companies like Edcon who have been around for decades, have succumbed to the devastating financial losses brought about by the pandemic.
While most, if not all, businesses will lose out on revenue, there are ways to get creative with earning money during this time. We have found three ways to help you regain some financial security.